A Bengaluru resident from Cooke Town was recently duped of ₹2 crore in an online trading scam, according to a report in The Times of India. The victim filed a complaint with the East CEN Crime Police, claiming that two individuals, Girivasan Iyengar and Aisha Sithika, posed as representatives of a company called ‘Hem Securities.’ They promised guaranteed returns on investments and convinced her to transfer substantial sums into various bank accounts over multiple interactions.
The victim transferred ₹2 crore, trusting their assurances. However, when she tried to withdraw her funds on January 31, the scammers demanded a 15% commission and additional fees for the transaction. They assured her the money would be released in two days, but after the payment, they became unreachable.
Realizing she had been scammed, the victim reported the incident to the cybercrime helpline (1930) on February 3, submitting the payment receipts. In her panic, she mistakenly included the bank details of two unrelated individuals, which led to their accounts being frozen. After receiving her request, the police promptly intervened and had the innocent parties’ accounts unfrozen.
A case has been filed under the Information Technology Act and related sections of the Indian Penal Code, and investigations are underway. Bengaluru police have issued a warning to residents to remain vigilant, as scams like this are on the rise, with many victims losing significant amounts of money.
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